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The krona (Swedish: ⓘ; plural: kronor; sign: kr; code: SEK) is the currency of the Kingdom of Sweden.It is one of the currencies of the European Union.Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value.
Johan Palmstruch (June 13, 1611 – March 8, 1671) was a Swedish-born German/Dutch/Swedish entrepreneur, financier, and financial innovator. He is credited with the introduction of paper money to Europe.
Stockholms Banco (also known as the Palmstruch's Bank, Swedish: Palmstruchska banken) was the first European bank to print banknotes. It was founded in 1657 by Johan Palmstruch in Stockholm , began printing banknotes in 1661, but ran into financial difficulties and was liquidated in 1667.
The Swedish currency has plunged to its lowest level ever against the euro and the U.S. dollar. Sweden has been struggling with high inflation — it was 7.5% in August, down from 9.3% in July ...
In late 1992 (Monday 14 September) the British pound began a steep decline that made it "leave" the Exchange Rate Mechanism on the Wednesday of that week. At the same time the Swedish currency began to decline; the first reaction from the central bank was to try to keep the current fixed exchange rates in place, and they set a target for their equivalent to the federal funds rate ("marginal ...
In 1830, following the fixing of the relationship between the copper and silver coinages and the various paper money issues, copper 1 ⁄ 6 skilling were introduced, together with a new silver coinage in denominations of 1 ⁄ 12, 1 ⁄ 8, 1 ⁄ 4 and 1 ⁄ 2 riksdaler. The new silver coins were all struck in .750 fineness and were weight related.
The Swedish krona had a fixed exchange rate from the last devaluation in 1982, until 1992. On 17 May 1991, the Swedish Central Bank pegged the krona to the European Currency Unit (ECU), but outside the European Exchange Rate Mechanism ERM I. The pegging was unilateral.
The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it said on Friday, pushing ...